Description:
Marcus Jones reports that a group of minority developers will work with Mayor Ray Flynn and the Boston Redevelopment Authority (BRA) to develop a multi-million dollar complex including office, retail, and residential space in downtown Boston. The complex will replace a downtown parking garage. Jones reports that Flynn's "parcel to parcel linkage program" will link downtown development to development in minority neighborhoods. Jones adds that this project will be linked to a parcel of land in Roxbury. Flynn and the developers, called the Columbia Plaza Associates, hold a press conference to announce plans for the development. Interviews with President of City Council Bruce Bolling and Davis Woo of the Chinese Investment Group about the need for development in minority neighborhoods. Interview with Stephen Coyle, the BRA Commissioner, about opportunities for minority involvement in development. This edition of the Ten O'Clock News also included the following items: Community leaders talk about the significance of the African Meeting House and Renovation of the African Meeting House
1:00:30: Visual: Shots of downtown Boston; of construction in downtown Boston. Marcus Jones reports that $7 billion has been invested in construction in dowtown Boston over the past nine years. V: Shot of Ray Flynn (Mayor of Boston) and a group of minority developers. Jones reports that a group of minority developers are working with Flynn through his "parcel to parcel linkage program"; that the developers will work with the Flynn administraton on a multi-million dollar development which will replace a downtown parking garage. V: Shot of the downtown parking garage. Footage of Flynn saying that a united partnership has been created with members of the Asian, African American, and Hispanic communities. Jones reports that the developers have called themselves the Columbia Plaza Associates; that the developers have raised $2.5 million of their $5.7 million goal. V: Shot of an African American developer standing among the group. Jones notes that the developers represent an important part of Flynn's plan to link downtown development to development in minority neighborhoods such as Chinatown and Roxbury. V: Footage of Bruce Bolling (President, Boston City Council) saying that "those who have been factored out will now be factored in." Footage of Davis Woo (Chinese Investment Group) saying that the developers will work toward buiding new housing in Chinatown; that there is not enough housing in Chinatown. Jones reports that city officials expect to see a development with office, retail, and housing space built to replace the parking garage; that the project is valued at $400 million; that $100 million is earmarked for the minority developers who have won the right to co-develop the project. V: Shot of the parking garage; of a relief of the seal of the city of Boston set into the wall of the garage. Footage of Stephen Coyle (Commissioner, Boston Redevelopment Authority) saying that the minority developers have the "inside track" to develop the project; that this project marks the beginning of a "new era" in the city. Jones reports that up to $15 million spent to purchase the land from the city will be spent by the minority developers to create jobs and to build offices, stores and housing on a 5-acre parcel of land near the Ruggles MBTA Station in Roxbury. V: Overhead shot of the parcel of land in Roxbury. Footage of Coyle saying that the Boston economy will remain strong for the next decade; that teams of minority developers will be able to take advantage of new economic opportunities. Footage of Bolling saying that the work of minority developers will ensure future minority participation in the city. Jones reports that city officials will designate a formal development team for the linkage project in the winter; that construction is slated to start in the spring of 1988. V: Shot of the parking garage.
Date Created:
09/19/1986
